Fiduciary Duty in the 21st Century: Launch of Canada Roadmap

Canada Roadmap

 

 

 

 

 

 

 

 

January 2017

The PRI, UNEP FI and The Generation Foundation have launched the Canada roadmap for Fiduciary Duty.

The roadmap is the culmination of extensive consultation with regulators, investors, policy makers and attorneys across Canada. It makes a series of recommendations to enable the market-wide adoption of ESG integration. The recommendations address the following core areas: corporate reporting, shareholder engagement, investor education and regulatory change.

ESG integration and increased expectations for shareholder engagement are emerging as fundamental features of prudent investment practice across mature markets. Ontario’s adoption of ESG disclosure in January 2016 is reflected in regulation and guidance in other markets such as the UK and the EU. The roadmap seeks to leverage these international examples to reinforce local initiatives, in addition to highlighting some of the advanced ESG practices that Canadian asset owners have adopted and the many successes of Canada’s well-established responsible investment industry.

More information about the Fiduciary Project: www.fiduciaryduty21.org

Download Canada Roadmap